I am using "the old" Captivate 1.01.1447, but the error also
occured with the trial version of the actual version.
Regarding the question about if there is any cursor at all:
yes there is. I am successfully producing a lot of advertising
movies of my applications, the only problem are big cursors. As
soon as I exceed a certain cursor size (about 30px), the cursors
are not reproduced correctly anymore.